New Listing
$1,025,000
( )
 $5,502 est/mo Sourced by Back At You

13 Balsam St , West Centre Town, ON K1R 6W6

West Centre Town, ON K1R 6W6

Share with a friend

Description

A shovel-ready 8-unit apartment building development opportunity in Centretown West, Ottawa. This sale includes the lot, site-plan approval documents, survey, all required reports and studies and full architectural working drawings. The cost of construction has been estimated to be $1,900,000 by professional contractors and is variable depending on your particular construction and material choices. The existing building is vacant, boarded and ready for demolition. The approved design provides for seven two bedroom apartments and a single one bedroom apartment. The design has an entrance ramp for disability access on the ground floor. Simply acquire the building permit and begin construction. The estimated market value of the development when completed and fully occupied with tenants paying market rent is projected to be greater than $3,530,000. This is a great opportunity for a builder to create a profitable development to hold as an investment or sell for a profit.

Details

MLS#X9515029
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site6
Listing Provided ByKELLER WILLIAMS INTEGRITY REALTY | Not Provided

Features

ZoningR4UB[2296] H(12.6)
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Request a showing

Request a showing

Loading Form
Listings Checked: 2 hours ago
ProvinceON
CountyWest Centre Town
CityWest Centre Town
Postal CodeK1R 6W6
AreaOttawa
Community Name4205 West Centre Town
Listing VS Median (in 4205 West Centre Town)
Price:
$1,025,000
low | high
Med:
$0
On Site:
6
low | high
Med:
Sourced by Back At You
Listing Updated: October 30, 2024 at 5:52:32 AM PDT